MINISTRY OF LABOUR AND EMPLOYMENT
UNSTARRED QUESTION NO-401
Enhancement of EPF pension
401 . SHRI SYED AZEEZ PASHA
(a)whether there is a proposal to provide fixed minimum pension to all the employees who are covered under Employees” Provident Fund Organisation (EPFO);
(b)if so, the details thereof alongwith the minimum amount Government is planning to give to the pensioners;
(c)whether Government has decided to revise the existing scheme in view of demand of workers for a reasonable hike in their EPF pension;
(d)if so, by when the enhanced pension is likely to be disbursed; and
(e)the number of employees who are getting pension benefits from EPFO at present?
(SHRI KODIKUNNIL SURESH)
(a) to (d): A proposal to enhance minimum pension to Rs.1,000/- per month under Employees’ Pension Scheme, 1995 is under consideration of the Government. However, no time frame for implementation of the proposal can be given.
(e): At present, 41 lakh pensioners are getting pension benefits from EPFO.
source- Rajya sabha